December, 2018:
Shell News 5 Dec 2018: Includes latest on OPL 245 graft case
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Royal Dutch Shell News 4 December 2018
Jessica Jaganathan: DECEMBER 4, 2018
SINGAPORE (Reuters) – Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday.
“We continue to progress Prelude towards operations, with safety and quality being our main focus … We expect to see production around the end of the year,” she told Reuters in an emailed statement.
Prelude – which will process natural gas produced offshore northern Australia and export it as LNG – is expected to have an annual LNG production capacity of 3.6 million tonnes. It will also produce 1.3 million tonnes a year of condensate and 400,000 tonnes a year of liquefied petroleum gas (LPG).
Norske Shell whistleblower, Runar Kjørsvik
One of the listed articles focussed on allegations that Shell was spying on its own employees. Runar Kjørsvik, a whistleblower from the Shell Nyhamna Gas Plant, had discovered to his shock and horror that Shell was in possession of surveillance photographs of him taken by persons unknown. He alleges that Shell used undercover agents to spy on him.
Norske Shell whistleblower, Runar Kjørsvik
By John Donovan
Nearly two years ago, I published an extraordinary series of articles about the sinister conduct at Norske Shell, the Norwegian subsidiary of Royal Dutch Shell Plc.
Links are provided below in date order.
A translated example of one of the news articles published in Norway in the late few days is printed below. They reveal the pressure being put on the Norwegian government over the involvement of “external investigators” in so-called fact-finding surveys used in proceedings against employees.
Royal Dutch Shell News 3 December 2018
By DAVID MEYER A year ago, Royal Dutch Shell said it was going to halve the carbon intensity of its operations and products by the middle of the century. That followed investor pressure, and now the energy giant’s shareholders have scored another major win. Shell issued a big announcement Monday: Not only will it be setting short-term targets in line with its longer-term “Net Carbon Footprint” ambition, but it will also be linking these targets with executive remuneration. Greener Shell = richer executives, or at least that’s the plan — the link will be subject to a shareholder vote at the company’s 2020 AGM. FULL ARTICLE
Shell links concrete climate targets to executive pay
Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.
Shell links concrete climate targets to the top reward
Royal Dutch Shell CEO Ben van Beurden
Bert van Dijk: 3 December 2018
Oil and gas multinational ShellRDSA € 26.71 – will set concrete medium and short-term climate goals. The remuneration of the top of the company is partly made dependent on the achievement of those goals. With this, Shell is meeting pressure from large shareholders who asked for it.
Shell announces the changes in a joint statement with shareholders. The changes must go into effect in 2020.
Climate agreement of Paris
In 2017, Shell formulated the ambition for the first time to reduce its CO₂ footprint (a measure to measure CO₂ emissions, ed.) Of its energy products by 2050. Although CEO Ben van Beurden then indicated that he wanted to be settled, the company did not give concrete medium and short-term goals. Shell did not want that, because the company was afraid, among other things, to lose too much flexibility when making business decisions.
Royal Dutch Shell News 2 December 2018
Royal Dutch Shell will set carbon emissions targets next year and link these to executive pay, reversing its chief executive’s opposition and following intense pressure from shareholders who want fossil fuel companies to take greater responsibility for their contribution to global warming. FULL FT ARTICLE
The deal resulted in Shell taking a sizeable financial hit as a consequence…
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